Darden price target lowered to $175 from $180 at Morgan Stanley

Morgan Stanley analyst Brian Harbour lowered the firm’s price target on Darden to $175 from $180 and keeps an Overweight rating on the shares in a preview ahead of what the firm says was “likely another tougher quarter.” The firm assumes slower trends continue near term and reduced FY25 estimates accordingly, added the analyst, who thinks Darden can “regain some momentum, even if it takes some time.”